COUNTRY RISK FACTORS REGARDING TELEKOM AUSTRIA GROUP Sample Clauses

COUNTRY RISK FACTORS REGARDING TELEKOM AUSTRIA GROUP. RISKS RELATING TO BELARUS, BULGARIA, CROATIA, MACEDONIA, SERBIA AND SLOVENIA Telekom Austria has subsidiaries outside Austria, particularly in Central, South-eastern and Eastern Europe. Apart from Austria, the Telekom Austria Group encompasses operations in Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia (the "Operating Region") and Liechtenstein. The legal systems, economies, social and other circumstances in the Operating Region are in different stages of the process of transformation towards EU standards. A large part of Telekom Austria Group's income is derived from operations in these countries. As a result, Telekom Austria Group's operations are exposed to risks common to all regions undergoing rapid political, economic and social change including currency fluctuations, exchange control restrictions, an evolving regulatory environment, inflation, economic recession, local market disruption and labor unrest. The occurrence of one or more of these events may also affect the ability of Telekom Austria Group's clients or counterparties located in the affected country or region to obtain foreign exchange or credit and, therefore, to satisfy their obligations towards the Telekom Austria Group. Political or economic disruptions or changes in laws and their application may harm the companies in which the Telekom Austria Group has invested. This may significantly impair the value of these investments.
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  • Creative Commons Attribution-Non-Commercial-NoDerivs License The Creative Commons Attribution Non-Commercial-NoDerivs License (CC-BY-NC-ND) permits use, distribution and reproduction in any medium, provided the original work is properly cited, is not used for commercial purposes and no modifications or adaptations are made. (see below) Use by commercial "for-profit" organizations Use of Wiley Open Access articles for commercial, promotional, or marketing purposes requires further explicit permission from Wiley and will be subject to a fee. Further details can be found on Wiley Online Library xxxx://xxxxxxx.xxxxx.xxx/WileyCDA/Section/id-410895.html Other Terms and Conditions:

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